NEWS & LEGAL ARTICLES
Discussing Estate Planning with Loved Ones
I always advise my clients to let their family members know that they have done estate planning and where the documents are located. At a minimum … family members must know that planning has been done.
What is a Beneficiary Designation?
Beneficiary designations are contracts generally not governed by a will or trust such as life insurance policies, annuity contracts, IRAs, and other retirement plans.
Which is Better? Will vs. Trust
The revocable trust (aka “living trust” or “family trust”) is a popular way to plan for your future. However, despite the popularity, trusts are not without potential problems. In deciding what is best for your family and estate, here is some basic information about revocable trusts.
Disinheriting Family
A parent does not normally decide that they just want to disinherit a child. Almost always, the child has taken actions to distance themselves from their parents and family.
Operational Excellence for Small Business Owners
Owners of small businesses may encounter challenges with respect to operational excellence that are less applicable in larger entities. Often times these small businesses operate less formally due to family relationships, which can result in oversights to certain areas of the business.
M. Eric Olmstead Presents Employment Law Legislative Update
Barney McKenna & Olmstead, P.C. offers a full range of employment and labor law services. We offer legal counsel on employment relationships to employers of all sizes and across a wide range of industries.
What Happens: No Will, No Trust
Even if you have never signed a will or trust, you have an estate plan. Some of you may be asking, “How?” The answer is the state has a “default estate plan” for those without their own.
Neighbor Dispute? Tread Carefully
When dealing with these difficult situations, there are a few things to keep in mind.
Asset Protection for Professionals and Business Owners
If you are a Utah business owner, an individual in a high liability profession (like a physician or contractor), or if you are an individual with a high net worth, a Utah asset protection trust can help protect you and your family.
